Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 45.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,145,756 shares of the bank’s stock after selling 951,575 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.08% of Huntington Bancshares worth $16,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in shares of Huntington Bancshares during the 1st quarter worth approximately $378,000. Bessemer Group Inc. increased its holdings in Huntington Bancshares by 21.2% in the 1st quarter. Bessemer Group Inc. now owns 17,241 shares of the bank’s stock worth $241,000 after acquiring an additional 3,010 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in Huntington Bancshares during the first quarter valued at $249,000. Lazard Asset Management LLC grew its position in shares of Huntington Bancshares by 251,152.2% in the first quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank’s stock valued at $2,417,000 after purchasing an additional 173,295 shares during the period. Finally, Mount Yale Investment Advisors LLC increased its stake in shares of Huntington Bancshares by 102.5% during the first quarter. Mount Yale Investment Advisors LLC now owns 34,558 shares of the bank’s stock worth $482,000 after purchasing an additional 17,490 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the transaction, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Scott D. Kleinman sold 28,600 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the sale, the vice president now directly owns 496,076 shares in the company, valued at $8,765,662.92. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,699 shares of company stock valued at $757,356 in the last three months. 0.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HBAN shares. Morgan Stanley lifted their price objective on Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Barclays lifted their price target on Huntington Bancshares from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price target on shares of Huntington Bancshares in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.26.

Huntington Bancshares Price Performance

Shares of HBAN opened at $17.89 on Friday. The firm has a 50-day simple moving average of $15.72 and a two-hundred day simple moving average of $14.47. The stock has a market cap of $25.99 billion, a PE ratio of 17.20, a P/E/G ratio of 3.52 and a beta of 1.03. Huntington Bancshares Incorporated has a 1-year low of $10.73 and a 1-year high of $17.98. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the company earned $0.36 earnings per share. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 59.62%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.